Blogging Broker

• In the last 24 Hours the Fresno MLS had 168 residential listings that expired. 
• The average time on the market for those listings was 165/185 days.

What does this mean?

It means these properties sat on the market approx 6 months with no buyers!

Who is to blame? 

• Agents for taking an overpriced listing to begin with.
• Sellers for either expecting or NEEDing too much money.

Why do I say “needing?”  Because I look at the public records and see that many of the sellers either bought or refinanced in the last 2 years and I can tell by the price that these sellers are just hoping they can get out whole i.e. sell for enough to pay off what they owe and the closing costs. 

I just looked at one that had been listed for $220,000 and see that the owners refinanced earlier this year for $200,000.  I can tell you definitivly that house will NOT sell for $220k.  Maybe – and that’s only MAYBE it will sell for $165k.

If you want to sell you want/need to buy or sell a home in Fresno CA.  Call me: 559-301-1647.  The last sale I closed I got my buyer in at $95,000 under the ask.  I’m a seasoned investor/broker who knows when the numbers work and when they don’t.

© R.  “Lazarus” McAtee
   Owner/Broker Lazarus Realty